Bright Green Corp (BGXX)

[Renee]

BGXX delisted from the Nasdaq to the OTC. ***pps dropped 19% from .19 to .1543

https://otce.finra.org/otce/dailyList?viewType=Additions

[glenn1919]

BGXX........https://stockcharts.com/h-sc/ui?s=BGXX&p=W&b=5&g=0&id=p86431144783

[ZigZag1]

Is this even real? Try calling the corporate phone number. We have tried for 2 years to use their product. Nothing. We are in 2 clin trials with CBD, Thc.

[ZigZag1]

Zero revenue, recycled pressers and still call make the filing deadline. This isn’t a stock, it’s and executive lifestyle. Un-fricking believable!

[glenn1919]

BGXX......................................https://stockcharts.com/h-sc/ui?s=BGXX&p=W&b=5&g=0&id=p86431144783

[ZigZag1]

Why do you say that? They keep recycling “news”. This is just smoke and mirrors. They’ve had that licensed for 2 years with zero revenue. Why? Because they have an irrelevant license. Why would I buy from them if I can walk into any store and buy product?

[JAH son]

This is about to heat up in here very soon. BGXX
good luck all

[Invest-in-America]

BGXX: I like this one --- lots of news, PR's, articles, etc. (click below):
Their Website: https://brightgreen.us/
Looks like they want to do BUSINESS.
And moving on up from the bottom of the BARCHART-50:
https://www.barchart.com/investing-ideas/penny-stocks?orderBy=percentChange5d&orderDir=desc

[Awl416]

BRIGHT GREEN ANNOUNCES PLANS FOR $250 MILLION EXPANSION OF ITS CONTROLLED SUBSTANCES DRUG PRODUCTION FACILITY IN GRANTS, NEW MEXICO AND OBTAINS $60 MILLION IN FINANCING

[81vette]

2.3m shares short with only 5 days to cover

[81vette]

Shares available to short dropped from 250k to 150k,watching closely for ZERO BORROW when tutes stop lending shares big covering can rocket tickers like this

[ZigZag1]

Didn’t they get this like 18 months ago?

[Awl416]

BRIGHT GREEN CORPORATION GAINS MOMENTUM FOR THEIR “DRUGS MADE IN AMERICA” PLATFORM WITH APPROVAL FOR THE RESEARCH, PRODUCTION AND MANUFACTURING OF ALL SCHEDULE I AND SCHEDULE II PLANT-BASED DRUGS

[ZigZag1]

It won’t be too much longer until they will need to take drastic measures or be delisted for minimum requirements

[Laster]

This stock is nothing but a POS scam IMO.
That Stockwell girl cannot be trusted.
Can’t wait for this to drop to a penny then RS.
Absolutely worthless IMO.

[Monksdream]

BGXX new 52 week low

[ZigZag1]

Can anybody explain to me who they can sell to??? They can grow, but can they sell??

[Bullish Green]

Bright Green is now on the DEA website list!
https://www.deadiversion.usdoj.gov/drugreg/marihuana.htm

[CAN8IENS]

I hope double that

[Texas AM17]

BGXX I believe today is a great day to buy some shares in this company, this stock in the very near future will probably be trading $5.00

[Bullish Green]

I have my own set of technicals I use. Even though I said previously that I would wait for a better entry due to the fundamentals, I initiated a couple of buys a few days ago due to my indicators.

[power11]

TECHNICALLY ..A GOLDEN CROSS IS ABOUT TO OCCUR !!
CHART LOOKS GOOD.

[power11]

TECHNICALLY ..A GOLDEN CROSS IS ABOUT TO OCCUR !!
CHART LOOKS GOOD.

[Bullish Green]

Government bureaucracy always moves slow. I expect that the DEA is doing their own DD into the company. There is no mention on the website about how long that takes but the wording in the conditional contract alludes that the process could take longer that 4 years ultimately.

I. Background and Purpose



This Memorandum of Agreement (MOA) is between the Department of Justice, Drug Enforcement Administration (DEA), and Bright Green Corporation (Grower) who has applied for a DEA registration as a bulk manufacturer to supply to researchers of any (or all) of the following schedule I controlled substances: Marihuana Extract (7350) and Marihuana (7360) at 1033 George Hanosh Boulevard, Grants, New Mexico 87020, under DEA Document Control Number W20078135E.

XIII. Non-Liability of Drug Enforcement Administration



The United States assumes no liability with respect to the performance of any contractual terms agreed to by Grower and a Buyer of bulk marihuana, including but not limited to the quantity or quality of any marihuana delivered to a Buyer. If a Buyer deems the delivered marihuana to be defective, the Buyer’s sole remedy for damages will be against Grower and not the United States.



XIV. Duration, Amendment, and Effect



A. Execution: This MOA may be executed in counterparts, each of which constitutes an original, and all of which constitute one and the same agreement. Copies or facsimiles of signatures will constitute acceptable, binding signatures for purposes of this MOA. This MOA is effective and becomes binding upon the date of the last signature below. Each person who signs this MOA in a representative capacity warrants that he or she is fully authorized to do so. The government signatories represent that they are signing this MOA in their official capacities.

B. Automatic Renewal: Unless terminated for cause by DEA, this MOA is effective for a one-year initial term from its effective date, subject to automatic renewal for up to four additional one- year terms.


1. If, at the time the initial term or a renewal is set to expire, the Grower has submitted a renewal application that is still being processed by the DEA at the end of a one-year term and is allowed to continue to operate on a day-by-day basis until the registration is renewed in accordance with 21 C.F.R. § 1301.36(i), the term set to expire will be automatically extended until the registration is renewed.

2. This MOA will automatically renew for an additional one year term upon DEA’s approval of Grower’s application for renewal of its registration as a bulk manufacturer of marihuana, marihuana extract, and THC unless, on or before 60 days before the expiration of the current term, either party provides written email notice of its intention not to renew.

3. This MOA will terminate at the end of the fourth renewal term or the end of a one-year term that is not renewed.

[power11]

WHEN DO YOU EXPECT THEY RECIEVE THE LISCENCE ???

[CAN8IENS]

It's not delisted. Where do you get your information? It's currently trading over $1 on the NASDAQ

[Bullish Green]

Here is the actual document of the agreement between Bright Green and the DEA. This is not an actual license but a conditional agreement.

https://www.sec.gov/Archives/edgar/data/1886799/000149315222012148/ex10-1.htm

If I read this correctly, it allows Bright Green to operate under guidlines as stated while their license application is under review.

It's good for 1 year and will auto-renew each year up to 4 years unless cancelled by BG or the DEA.

[Bullish Green]

My bad. They are not delisted, they are deficient. They have a certain amount of days to bring their price back within guidelines or they will then be delisted.

This is from my TDA account:

[ZigZag1]

Does NASDAQ know they were delisted? Could you please provide a link?

https://www.nasdaq.com/market-activity/stocks/bgxx

[Bullish Green]

No it is not. Check the date. They were listed on Nasdaq but got delisted for not maintaining their price requirements.

[ZigZag1]

This is a bit misleading;

https://mjbizdaily.com/company-tapped-by-dea-to-grow-marijuana-for-research-files-to-list-on-nasdaq/

[Bullish Green]

They haven't received final approval for the license yet.

[ZigZag1]

Why isn’t BGXX on that list? Is it in a subsidiaries name?

[Bullish Green]

Apparently this is a very hard license to get. Per the doj.gov website, only 7 companies hold this license as listed on DOJ website.
https://www.deadiversion.usdoj.gov/drugreg/marihuana.htm#:~:text=You%20may%20apply%20for%20a,Registration%20(usdoj.gov).

List of the DEA approved Bulk Manufacturer Marihuana Growers:
Biopharmaceutical Research Company LLC

Groff NA Hemplex LLC

Irvine Labs, Inc.

Maridose, LLC

National Center for Development of Natural Products

Royal Emerald Pharmaceuticals Research and Develop

Scottsdale Research Institute

The website is very clear on the process. A few points stand out as to the timeframe we can expect $BGXX to actually make any money. The biggest hurdle is actually aquiring the license. Who knows how long that may take. Again, who knows how long that will be. After this unknown variable, then the process starts.

A. Bona Fide Supply Agreement and Quota
As stated in the sample memorandum of agreement (MOA), on or before May 1 of the year preceding the year in which marihuana is to be grown, the grower1 will furnish an individual manufacturing quota (IMQ) application utilizing DEA Form 189. (Numbers correspond with the diagram below.)

Grower enters into bona fide supply agreement(s) with buyer(s).2
Grower will include in their IMQ application copies of documents that constitute the bona fide supply agreement(s) (BFSA) that justifies their quota application request. For purposes of calculating Grower’s IMQ, DEA will only consider BFSA from existing DEA registrants.
Upon receipt of quota, the grower may grow marihuana within the terms and conditions of the quota and memorandum of agreement.3

B. Advance Notification and Invoicing
In accordance with the MOA, the grower will provide DEA with a 15-day advance written notification of its intent to harvest marihuana, including the date/time in which harvesting will begin.

When the grower provides this notification, the grower will invoice4 DEA for the harvested marihuana it intends to sell to DEA.
Additionally, the buyer is expected to submit an order form (DEA Form 222), expressing all quantities in kilograms, to DEA for the purchase of marihuana to be harvested.
DEA, in turn, will invoice5 the buyer identified in the grower’s invoice. The buyer’s order form number will be referenced in DEA’s invoice to the buyer; therefore, the order form must be received by DEA before DEA can invoice the buyer.
Upon receipt of payment, DEA will authorize the grower to ship.

C. Harvest and Transfer of Ownership
DEA personnel will arrive at the grower’s registered location to take physical possession of the crop. While DEA will make every effort to arrive on the day of harvest, DEA will take possession within four months of the harvest.6

DEA will take ownership of the crop by executing a DEA Form 222. Grower may need to store marihuana in a pre-approved secure location on behalf of DEA.
DEA will authorize the grower to make distributions from DEA’s stocks of marihuana to those buyers who entered into BFSAs with the grower once DEA has confirmed that the buyer has made payment to DEA for both the negotiated rate and the administrative fee. The grower shall bear the cost of shipping marihuana to the buyer.7
DEA will pay the grower within 30 days of taking ownership of the crop.

So They must get a license. Submit a year prior to growing. Actually grow the crop. Submit 15 days before the harvest. Harvest. Give DEA control of the harvest (up to 4 months). 30 days later to get paid.

So in reality, it'll be at least 2 years before they ever turn a dime AFTER they get the license.

Just a side note:
I have a theory that they may try to use the Alterola Biotech subsidiary to attain DEA approved buyer staus "in house" for research. What that may accomplish, or how they will accomplish that, who knows but it is something to consider.

IMO they will be burning through cash for a while. I expect an AS increase in the meantime. I'll wait for a lower entry.

[ZigZag1]

So why is the “Only DEA license in the country” necessary if it’s legal? This model is very confusing??? https://mjbizdaily.com/new-mexico-legal-marijuana-sales-grow-to-41-6-million-in-february/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20230313_NEWS_Daily

[CAN8IENS]

But when?!?!

[ZigZag1]

So when/if they get their license, who will be able to buy product from them?

[Texas AM17]

BGXX great day to buy stock!

[Texas AM17]

Bgxx DEA license coming soon!

[ZigZag1]

What license? A “cannabis” license to sell CBD? All this means is the buyer needs to have to same license, and if they’re the only one with this license …..???

[solidgold]

All filled up and ready.

[Texas AM17]

BGXX license is issued soon. This is going to have a huge day.

[solidgold]

Bright Green Responds to False Claims Made Against the Company
Denies any association with John Fikany and Jerry Capussi and categorically refutes the insinuations made on behalf of these individuals
Company requesting immediate retraction while reserving the right to seek relief
Remains focused on executing its business plan to develop cannabis-based medicines and products
https://www.otcmarkets.com/stock/BGXX/news/story?e&id=2453400

[ZigZag1]

The second cannabis is re-scheduled this company will be better off growing tomatoes.

[ZigZag1]

What good is a license from the DEA? BGXX uses the word “cannabis” when if fact if you read further in their S-1, it is in fact CBD, CBG etc. the dames stuff you can get on the internet. If they have their schedule 1 license, (we have had one for over 10 years) that means that you can only sell to other schedule 1 license holders. You can also sell to universities doing clinical trials but you’ll see how few there really is at clinicaltrials.gov. This is a great concept, but lacks serious fundamentals which would explain the share price, allegations and lack of revenue. Now they have turned to making income from immigration programs.

[solidgold]

First-ever cannabis bill to clear a US Senate committee
Marijuana Moment [e-mail] via gmail.mcsv.net
10:20 AM (7 hours ago)

/ BREAKING NEWS
This Marijuana Moment breaking news update is brought to you by FundCanna.
A U.S. Senate committee approved a bipartisan bill on Thursday to promote marijuana research for military veterans—becoming the first piece of standalone cannabis legislation ever to advance through a committee in the chamber.
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The VA Medicinal Cannabis Research Act, sponsored by Veterans' Affairs Committee Chairman Jon Tester (D-MT) and Sen. Dan Sullivan (R-AK), is intended to mandate studies by the U.S. Department of Veterans Affairs (VA) to explore the therapeutic potential of cannabis for veterans with post-traumatic stress disorder (PTSD) and chronic pain.

READ MARIJUANA MOMENT'S ARTICLE FOR MOR.E INFO..

[Stevenvegas]

These guys trying to hold $1 and a director sells 500k. WTF Why you just got to trade em

[ZigZag1]

So it seems immigration pays better than cannabis?

[solidgold]

"I look forward to sharing further updates and issuing regular video updates each Monday, keeping our investors and stakeholders fully informed with first-hand insights into our progress in this emerging market. We intend to be the revenue leader in cannabis and cannabis-related products for research, development and pharmaceutical applications, fully compliant with both state and federal regulations.”

[solidgold]

Bright Green Announces the Receipt of Its First Funds from Its EB-5 Program.